On the effect of financial education on financial literacy: evidence from a sample of college students. (5th July 2020)

• Record Type: Journal Article
• Authors: Brugiavini, Agar; Cavapozzi, Danilo; Padula, Mario; Pettinicchi, Yuri
• Is Part Of: Journal of pension economics & finance. Volume 19:Number 3(2020:Jul.)
• Page Start: 344
• Page End: 352
• Publication Date: 2020-07-05
• Subjects: Financial education, -- financial literacy, -- investment attitudes, -- planning; D14, -- G11, -- I20; Pensions -- Finance -- Periodicals; Social security -- Finance -- Periodicals; 331.25205
• DOI: 10.1017/S1474747218000276
• Languages: English
• ISSNs: 1474-7472

Abstract

Abstract: Based on a sample of university students, we provide evidence that a small-scale training intervention has both a statistically and economically significant effect on subjective and objective assessments of financial knowledge. We also show that the intervention increases self-assessed more than actual financial knowledge. The intervention consists of measuring financial literacy before and after a small on-line course and is administered through an on-line platform.